Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20204. (Read 26610768 times)

To say that gold is a better investment than Ruppees is not an argument for gold. It's an argument against Ruppees.  Anything looks good compared to something worse.

everyone that didn't sell is going to pat themselves on the back pretty soon...

Again, it depends where you live.

If you are in India, which is an extremely large holder of gold, and people deal with gold all the time, your national currency used to buy 1 USD with 45 INR in the start of 2011. Now you need 66 INR to buy 1 USD.

What this means, if you are living in India, is that if you dumped your INR for gold (which hundreds of millions do - something that is unimaginable for us, westerners), your fiat "losses" in your national currency are much different than those of an American.

uptick past 330

Gold would have to appreciate by 74% to be at it's 2011 valuation. That's a very poor argument for holding BTC with no xaction value.

Correction, those who didn't sell in 300s/400s are so very very sorry now. Guaranteed to dump if we ever hit 350 again. For sure

>340 after lunch.  

>340 after lunch.  

>500 is no longer a sell signal

Transactions mean absolutely nothing, nobody transacts in Gold EVER. Bitcoin is asset protection and remittance above all else. Transactions day to day are at least 10 years away, and i am pretty sure will be nothing like what they are now, probably not even in this blockchain.

I love your second point though it is exactly right.

it's not mere imagination. It an extrapolation of current trajectory.  Nobody hopes I'm wrong more than I do.

this bacon potato talk has got me hungry
...

Bitcoin transactions are growing. Payment processors like Bitpay release stats that show increasing usage. Things are moving forward. Could they move faster? Of course. IMO they could move way faster if there was integration of online games and Bitcoins so that an entire new generation of tech-savy kids can grow up with Bitcoins. They don't need to be "educated" in its use nor will they find it "too complicated". The user base could explode if a few large game companies allowed gamers to buy/sell with BTCs (or altcoins) from inside the game's marketplace - while they take a commission from these transactions for maintaining the marketplace.


If you've bought at 3$ you are up 100 times and if you bought at 30$ you are up 10 times.

Losing and gaining is highly dependent on your point of entry.

In the end of the day, the spike is irrelevant. If the spike never occurred, and you told people back in the start of 2013 that in the end of '13 we'll be at 100$ from 30$, in the end of 2014 we'll be at 200$ and in the end of 2015$ we'll be at 300$ - everyone would be happy, except bears, trolls and shorters .

It's the perception that it went higher and then lower that plays with people's feelings. Otherwise the long-term trend is good.

If you want to see some real pumps and dumps in speculative commodities, check the Rhodium long-term chart;

I think you are inventing fear and using it to either slay your own dreams or those of others. WE can imagine disasters all day the bottom line is I can pay a large mining fee of a whole dollar and my transfer moves instantly....

what is your real point

the implementation is the buy signal and we haven't gotten it yet...if ever.

Imagine if confirmation time slows to a crawl, kind of like the delay in fiat withdrawals at Gox.  With the BTC exit blocked instead of the fiat exit, we get a gox bubble in reverse.

It's just too big of a risk to take. I already bought a lottery ticket this week. Waiting for a miracle to happen is not a sound investment strategy.